So Jamie Dimon, the CEO of JP Morgan Chase, still thinks the banking industry can regulate itself? Without government regulations, the “too big to fail” banks brought the U.S. economy to its knees with unchecked speculation in 2008, and it was you and I, the taxpayers, who had to bail them out. And now billions are lost again.

Could there be any more proof to implement government regulations now, in order to protect the struggling taxpayer against the greed and self-interest of banks such as JPMorgan Chase?